Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Extensive research

Talenom: International recipe tested in the next few years

By Juha KinnunenAnalyst
Talenom
Download report (PDF)

Talenom’s earnings growth story will get back on track in the next few years as the company moves from aggressive growth to reviving profitability. The company is facing critical years for internationalization, as Sweden seeks efficiency from its own accounting system and Spain is being ramped up. After a strong price rise, the stock is no longer in the bargain bin, but if Finland’s success story can be transferred abroad, the stock is still cheap. The track record is still weak outside Finland, but the ingredients for a recipe for success are present.

Login required

This content is only available for logged in users

Create account

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

Read more on company page

Key Estimate Figures27.12.2023

202223e24e
Revenue102.1121.4136.8
growth-%23.3 %18.9 %12.6 %
EBIT (adj.)15.311.415.8
EBIT-% (adj.)15.0 %9.4 %11.6 %
EPS (adj.)0.270.140.20
Dividend0.180.180.19
Dividend %2.0 %5.6 %5.9 %
P/E (adj.)34.323.016.4
EV/EBITDA14.26.85.8

Forum discussions

Here are the comments from the man from Sotkamo regarding Talenom’s demerger-related matters, based on the company’s recent announcement, including...
20 hours ago
by Sijoittaja-alokas
10
No need to wait anymore, the update is out… Inderes Talenom: Arvoa saadaan esiin jakautumisen toteutuessa - Inderes Osakkeen arvostus on nyt...
12/1/2025, 9:07 AM
by Opa
19
Juha raised the recommendation from “Reduce” level to “Buy” level. Waiting for the analysis
11/30/2025, 11:54 PM
by Saku
18
That’s fine too, if there’s the same 70% premium CVC now owns 73% of WithSecure, and Siilasmaa’s share slightly decreased from the previous ...
11/25/2025, 11:05 AM
by Zen65
0
Didn’t the parties that bought both WithSecure and Neles know the company quite well? By this analogy, then, is someone like Tähkölä gathering...
11/25/2025, 7:49 AM
by Talouskukkaro
0
And in Finland, Neles wasn’t on the lists for many days before a takeover bid. Withsecure took longer.
11/24/2025, 4:58 PM
by Critter
1
Yes, I recall some instances from the US as well, where when a company splits into two publicly traded companies, one of them receives a takeover...
11/24/2025, 4:17 PM
by Zen65
1
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.